Month: July 2026

In a remarkable second-quarter performance, Nasdaq outshined analyst profits, driven by robust revenue growth in its capital access platforms. Significant trading volumes and notable listings enhanced its financial standing. The CFO reassured stakeholders, minimizing fears about rivalry from perpetual futures contracts. Following the earnings report, the company’s stock experienced a favorable upswing, reflecting investor confidence.

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US stock markets faced a sharp downturn on Thursday, primarily driven by worries around Big Tech earnings. Following their quarterly financial disclosures, shares of Alphabet and Tesla fell sharply. Meanwhile, due to rising tensions in the Middle East, oil prices surged to $100 a barrel, reigniting worries about inflation and prompting speculation of impending rate…

Meesho narrowed its June-quarter loss to Rs 133 crore as marketplace revenue surged 48% and user engagement strengthened. Better delivery conversion, higher monetisation, AI-led productivity gains and rapid seller growth, especially from smaller cities, supported improved operating performance.

ITC Chairman Sanjiv Puri said the company is tackling higher cigarette taxes through calibrated price hikes, product innovation and diversification. ITC will invest Rs 20,000 crore over five years, strengthen FMCG operations and consider an ITC Infotech IPO after achieving scale.

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This has been a banner year for stock listings, thanks largely to AI firms, but the massive size of the operations raises questions about whether the markets can continue to absorb them. AI is also driving the growth in listings by Chinese firms, as well as the tighter restrictions on capital movements amid continued tensions…

Brent crude surged above $100 a barrel after Houthi rebels claimed attacks on Saudi oil tankers in the Red Sea, escalating supply concerns. Rising crude prices intensified inflation fears, lifted bond yields and heightened risks to global energy markets.

Wall Street opened sharply lower as investor sentiment weakened on renewed concerns over heavy AI spending following Big Tech earnings. Rising oil prices tied to escalating Middle East tensions added pressure. Major indices including the Dow, S&P 500, and Nasdaq posted steep early losses, reflecting risk-off mood across global markets.

Mahindra Lifespace Developers has achieved a remarkable 67 percent increase in net profit for the June quarter, with total income skyrocketing to Rs 977.54 crore from just Rs 40.61 crore last year. The company is off to a strong start in fiscal year 2027, buoyed by impressive pre-sales growth. With a substantial portfolio of 55.